Adam said, "Is it a step toward anarchy or technocracy?"  and "... ramifications of introducing an "indestructible" possibly anarchistic currency... "

BitCoin is precisely as anarchistic as the free market and no more.  That's as far as it goes.  Unless you fear the free market itself, you have nothing to fear from BitCoin.

Mean while, the money of the world today is issued by a secretive, private cartel of central bankers, operating behind a front operation cynically referred to as "democratically elected government".  While such a situation holds, the supposed free-market (and the "free-world", really) is a sham, in which central management of the money stock can be used by its issuers to bust and boom the economy when it suits them, profiting on the way down, and even more so on the way back up again.

Which is more to be feared, ruthlessly self-interested central management for direct personal gain, or free-market "anarchy"?

So if Bitcoin undermines fiat currency, will it accelerate the dreaded hyperinflation phenomena, causing problems not only for the government, but also for people dependent on the government? Is it a step toward anarchy or technocracy? Or a bizarre mixture of both?

True, Bitcoin wrests the power of the dollar from those who have enslaved it over the last 100 years, and return stable buying power to the hands of the average person. It truly is a new frontier. I am not saying Bitcoin should be stopped or regulated, but I think it would be wise to keep an eye on the wider unintended ramifications of introducing an "indestructible" possibly anarchistic currency, and be ready to adapt to new problems which Bitcoin may end up causing.

So this is how the banksters are managing to exchange their rubbish fiat money for something good, bankrupt them with you fiat money, make them feel responsible for being ripped off and then lay claim to their gold. Rather clever I thought and a good long term strategy. I just hope that the people of the countries involved in this scam do not let it happen.